SEBI Steps Up L'affaire Mallya Probe; to Seek Overseas Help

The market has opened at new 2016 high while the midcap index is at 11-month high. The Sensex is up 368.52 points or 1.4 percent at 27495.42, and the Nifty is up 104.45 points or 1.2 percent at 8427.65. About 932 shares have advanced, 111 shares declined, and 36 shares are unchanged. For more information visit www.marketmagnify.com/stock-option.php

      ICICI Bank, BHEL, Tata Motors, Bharti and L&T are top gainers. The Indian rupee gained in the early trade. It has opened higher by 24 paise at 67.12 per dollar versus 67.36 Friday.

      Road Transport and Highways Minister Nitin Gadkari will invite investments in ports, ship building and coastal economics zones during his week long visit to the US. "Indo-US cooperation in the vital infrastructure sector will get a new impetus when (the minister) holds official talks with his counter-part US Secretary of Transportation, Anthony Foxx in Washington today, on a wide range of projects of mutual interest", an official statement said.

           In mounting troubles for embattled Vijay Mallya, markets regulator Sebi has stepped up its probe into alleged fund diversion from his erstwhile listed group firms to other entities, including some abroad and his various sport ventures. With the latest disclosures taking total suspected fund diversion at United Spirits alone to over Rs 2,500 crore, Sebi is also referring to the matter for further action by other agencies including SFIO (Serious Fraud Investigation Office) under the Corporate Affairs Ministry, a top official said.

          Private sector HDFC Bank plans to focus on digital platforms in rural and semi-urban markets to achieve sustained growth in the coming years.

       The Gujarat government is conducting a social impact assessment for acquisition of about 33 hectares of land in three villages of Vadodara for the expansion of Indian Oil Corporation 's refinery here.

Smartphones lift Samsung Electronics to Best Profit in Over 2yrs

Equity benchmarks opened on a flat note amid mixed Asian cues. The Sensex was up 35.97 points at 27202.84, and the Nifty gained 6.05 points at 8342. For more information visit www.marketmagnify.com/stock-option.php

       About 176 shares have advanced, 65 shares declined, and 19 shares are unchanged.

Bharti Airtel and Dr Reddy's Labs gained over a percent followed by ITC, HDFC, SBI, L&T and HUL while Infosys, HDFC Bank, TCS, Bajaj Auto, Reliance Industries and NTPC declined.

      Punjab National Bank climbed over 3 percent as its subsidiary housing finance company has received approval for listing IPO from National Stock Exchange and Bombay Stock Exchange.

           The Chinese government's call to the nation to build an innovation-driven economy from the top down has sparked a rush by local governments to construct new buildings in the name of supporting creativity.

     Quality PSU banks a must-have in a portfolio: Quantum Securities In the light of the boost given by the government in the infrastructure space, companies in cement and steel are looking good, said Sanjay Dutt of Quantum Securities. "Infrastructure is a space where you have to remain invested.

      Max Financial Services Ltd has informed BSE that Mr. Sandeep Pathak has joined the Company as Company Secretary and Compliance Officer of the Company effective July 05, 2016.Source : BSE
            Kalpataru Power Transmission Ltd has informed BSE that Kalpataru Power Transmission Ltd, a leading global EPC player in the power & infrastructure contracting sector has secured new orders/notification exceeding Rs 1900 crores.Source : BSE

      Tech giant Samsung Electronics Co Ltd said on Thursday its second-quarter operating profit likely rose 17.4 percent from a year earlier, its highest in more than 2 years as Galaxy S7 smartphone sales propelled mobile earnings.

     The world's top maker of smartphones and memory chips said its April-June profit was likely 8.1 trillion won (USD7 billion), better than the average forecast of 7.8 trillion won tipped by a Thomson Reuters survey of 16 analysts. It was the highest since a 8.5 trillion won profit in the first quarter of 2014.

FPIs Invest Rs 3,700 cr in June, Total Hits Rs 20,600 cr in 2016

The Sensex is up 199.95 points or 0.7 percent at 27344.86, and the Nifty up 57 points or 0.7 percent at 8385.35. About 996 shares have advanced, 194 shares declined, and 45 shares are unchanged. For more information visit www.marketmagnify.com/stock-option.php

•  The market has opened on a strong note Monday with the Nifty drawing close to 8400. The 50-share index is up 52.15 points or 0.6 percent at 8380.50 and the Sensex is up 179.96 points or 0.7 percent at 27324.87. About 703 shares have advanced, 171 shares declined, and 50 shares are unchanged.
•  ONGC, Tata Motors, BHEL, Dr Reddy's and Lupin are gainers while ITC is down on the Sensex.
• The company is also looking at expanding offering in the competitive instant noodles category. ITC consolidated its presence in instant noodles category with brand Yippee, post the Maggi controversy last year.
• Foreign portfolio investors (FPIs) turned net buyers of equities in March after pulling out a massive Rs 41,661 crore from the market in the previous four months (November-February). 
• Cabinet note for consultation on listing of four PSU general insurance companies will be issues in the next few weeks," sources said.
• ICICI Bank is of the view that branch expansion will continue, although their nature of branches are yet to evolve.
  

Berger Paints's Q1 results on August 03, 2016

The market has opened flat but the Nifty managed to scale 8100. The 50-share index is up 9.30 points at 8104 and the Sensex is up 7.59 points at 26410.55. About 573 shares have advanced, 164 shares declined, and 40 shares are unchanged. for more Stock Option Tips give a missed call @ 78-79-88-11-22.

     Bharti Airtel, Hero MotoCorp, Coal India, Asian Paints and BHEL are top gainers while Tata Motors, Wipro, ICICI Bank, Infosys and TCS are losers in the Sensex.

          Berger Paints India Ltd has informed BSE that a Meeting of the Board of Directors of the Company will be held on August 03, 2016, inter alia, to consider and approve, the Unaudited Financial Results of the Company for the quarter ending on June 30, 2016 (Q1).

          The management is confident that after Reliance Jio launch, top three telecom companies overall market share may not get impacted benefitting by adding low-end subs although they may lose some high-end subscribers. Idea considers low-end customer to be profitable and does not see margin dilution from this subscribers base.

         "Gujarat Gas has accepted the authorisation from Petroleum and Natural Gas Regulatory Board (PNGRB) to lay, operate, build or expand city or local natural gas distribution network for Ahmedabad district (excluding area already authorised) in Gujarat on June 27," says the company in its filing.

        Share prices of Siemens gained nearly 2 percent intraday Tuesday as it has bagged an order worth Rs 570 crore. The company has won an order worth Rs 570 crore to supply static synchronous compensator (STATCOM) solutions to Power Grid Corporation of India .

        Bluechip Tex Industries Ltd has informed BSE that the 31st Annual General Meeting (AGM) of the Company will be held on July 16, 2016.

Today's Stock Optios Tips

The market has opened flat ahead of crucial Brexit vote. The Sensex is down 0.55 points at 26812.23, and the Nifty is down 2.05 points at 8217.85. About 486 shares have advanced, 203 shares declined, and 36 shares are unchanged. For more Stock Option Tips give a missed call@ 78-79-88-11-22

          Ambit retains buy on Magma Fincorp; bets on RoA, RoE improvement

After having a recent management interview, the brokerage says it expects Magma's RoE to improve to 14 percent by FY18 driven by ongoing restructuring improving operational efficiencies, declining funding cost, and under-control asset quality.

         Govt okays Rs 58 cr to mitigate NH-17 widening impact on KBS

"NHAI has approved an estimate of Rs 58.16 crore to mitigate impacts on wildlife in Karnala Bird Sanctuary (KBS) for widening of part of Panvel-Indapur section of NH-17. This section constitutes direct connectivity from Mumbai to Goa," Road Transport and Highways Ministry said in a statement.

            Mahanagar Gas IPO oversubscribed 1.10 times on Day 1

 The Rs 1,040 crore-IPO received bids for 1,90,59,250 shares against the total issue size of 1,73,46,150 shares, data available with the NSE till 1700 hrs showed.
             Mulling more health & nutrition products in India: Nestle

 FMCG major Nestle India is considering to expand health and nutrition products offering in the domestic market, leveraging on its parent's global portfolio.
          USL seeks shareholders' nod again to report sick to BIFR

 "The accumulated losses of the company as on March 31, 2016, is greater than 50 percent of the peak net worth in the immediately preceding four financial years (Rs 5,849.62 crore)," the company said in a notice to shareholders.
         Linkage auctions key for Coal India, to offset wage hikes: Citi

The research report discounts a weak volume outlook for Coal India, reckoning that the UDAY scheme, along with with forward e-auctions, and rationalisation of high-grade prices should help tick up volumes. Morgan Stanley, meanwhile, is underweight on company.
           Trade unions slam govt's FDI policy initiatives

 AITUC Secretariat condemned the full open door FDI policy for defence, aviation and retail trade and six other sectors including pharmaceutical, the union said in a statement.